Reliance Jio Plans To Raise Rs 15,000 Crore Through Rights IssueJanuary 19, 2016 2016-01-19 15:41
Reliance Jio Plans To Raise Rs 15,000 Crore Through Rights Issue
Ahead of 4G services launch, Reliance Jio Infocomm said it will raise Rs 15,000 crore through rights issue to its existing shareholders.
The company which has invested over Rs 1 lakh crore in Jio, said that the board approved the decision on Monday.
Reliance Industries in a stock exchange regulatory filing said that the board approved a further issue of 15 billion equity shares of Rs 10 each totaling to Rs.15,000 crore to existing shareholders.